Top 4 Real Estate Stocks That That May Plunge

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The most overbought stocks in the real estate sector presents an opportunity to go short on these overvalued companies.

The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70.

Here’s the latest list of major overbought players in this sector.

Diversified Healthcare Trust DHC

  • Diversified Healthcare reported better-than-expected Q4 sales results. Jennifer Francis, President and Chief Executive Officer of DHC said, "Fourth quarter results reflected strong year over year improvement in our SHOP segment. Occupancy increased 380 basis points and average monthly rates increased nearly 9% from the prior year, resulting in a 14.2% increase in revenues." The company’s stock has a 52-week high of $3.28 .
  • RSI Value: 82.49
  • DHC Price Action: Shares of Diversified Healthcare Trust jumped 11.5% to close at $1.65 on Friday.

Life Storage, Inc. LSI

  • Life Storage reported better-than-expected Q4 results. Joe Saffire, the Company’s Chief Executive Officer, stated, "The Life Storage team delivered another strong, double-digit year in 2022. With these results, we have surpassed one billion in annual revenue on a consolidated basis for the first time, nearly double what Life Storage reported only five years ago." The company’s stock has a 52-week high of $151.76.
  • RSI Value: 72.09
  • LSI Price Action: Shares of Life Storage gained 2.1% to close at $127.37 on Friday.
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INDUS Realty Trust, Inc. INDT

  • INDUS Realty Trust agreed to be acquired by Centerbridge Partners, GIC Real Estate for $868 million. The company has a 52-week high of $76.25.
  • RSI Value: 72.05
  • INDT Price Action: Shares of INDUS Realty Trust gained 0.1% to close at $66.38 on Friday.

Altisource Asset Management Corporation AAMC

  • AAMC announced agreement with B. Riley Financial to repurchase common stock. The company’s 52-week high is $55.58.
  • RSI Value: 80.28
  • AAMC Price Action: Shares of Altisource Asset Management Corporation dropped 1% to close at $53.20 on Friday.

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